Investments in Nigeria’s oil and gas free zones has hit $75 billion. It has also created more than 200,000 direct and indirect jobs from 150 companies, it was learnt yesterday. The Managing Director and Chief Executive, Oil and Gas Free Zones (OGFZs) Authority, Mr Umana Okon Umana, has restated his determination to sustain the growth and ensure full realisation of the mandate for which it was set up.
Speaking after taking over the mantle of leadership at the free zones authority at Onne, Rivers State, Umana pledged to “ensure the OGFZs Authority operates according to its mandate to attract foreign direct investments and local investors to the nation’s oil and gas free zones to accelerate the pace of economic growth and development, especially at this time when government is taking steps to end the recession.”
He pledged “to work in harmony with all stakeholders in the free zones such as the Nigerian Customs Service (NCS), the Nigerian Port Authority (NPA), Department of Petroleum Resources (DPR), and the Nigerian Immigration Service (NIS) to ensure that the primary objectives of the Federal Government of driving economic growth and development, and of generating employment through the oil and gas free zones is actualised.” Read more